Catholic World News
Philadelphia archdiocese sells 3 properties for $56M
October 03, 2014
The Archdiocese of Philadelphia has sold three properties, including a closed seminary, for $56.2 million.
The Philadelphia Inquirer reported that proceeds from the sale will help address an $80-million shortfall in the Archdiocesan Trust and Loan Fund and a $76.3-million shortfall in the priests’ pension fund.
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